This year Metinvest will spend some 50 million UAH on the project to implement LED-lighting at the Severniy Mining and Processing Works. The old lamp replacement will improve the working conditions of the employees and will let save around 25 million UAH per year. At present the enterprise has a new lighting system at the…Details
Ukrmetallurgprom and the Ukrainian Association of the Limestone Industry have signed a memorandum of cooperation. The memorandum presupposes the coordination of actions in relations with Ukrzaliznytsia, in particular, the pressure on the state monopoly tariff policy, which should take into account the interests of large clients. The parties will also share experience in implementing pilot…Details
The state enterprise Lisichanskugol has ordered the Mirnogradskaya Central Processing Factory coal-processing services valued at 32.7 million UAH. This year the company has to process 226 thousand tons of DG (0-200) coal at 145 UAH per ton. The purchase was done by a negotiations procedure, as the previous three purchases were cancelled due to the…Details
In June Dneprospetsstal decreased steel output by 10.8% MoM, to 16.4 thousand tons. Rolled metal output fell by 7.6%, to 12.6 thousand tons. The value of the goods produced in June decreased by 14.5%, to 662.9 million UAH. In January-June DSS decreased steel output by 15.8% YoY, to 107.2 thousand tons, and rolled metal –…Details
Satka Pig Iron Works intends to buy 100% of voting shares of the Kosaya Gora Iron and Steel Works. The companies produce pig iron and ferromanganese. They are the two largest ferromanganese suppliers on the Russian market. KMZ estimated the market at 154.8 thousand tons and called SChPZ its main competitor. The SChPZ share was…Details
In January-June Russky Ugol sold 515 thousand tons of Krasnoyarsk region coal, up by 4% YoY. The coal was mined in the Sayano-Partizanskiy Pit. The growth of sales is due to the increase of exports. Three fourths of the Krasnoyarsk coal is exported. In 2018, for the first time ever, Sayano-Partizanskiy Pit coal output exceeded…Details
In January-June Petropavlovsk increased gold sales by 12% YoY, to 225.1 thousand ounces.
Dore gold output grew by 15%, to 225 thousand ounces. In particular, in Q2 the company produced 117.3 thousand ounces of gold and sold 117.5 thousand ounces.
The production forecast for this year is 450-500 thousand ounces of gold. (Ukrainian metal)
In January-June the net loss of Mechel totaled 352.683 million rubles, down 22.3-fold YoY.
Revenue grew 1.6-fold, to 9.813 billion rubles. Gross profit increased 1.6-fold, to 9.795 billion rubles.
Sales profit was 9.039 billion rubles, up 1.6-fold. (Ukrainian metal)
The Commercial court of appeals has ruled to recover from ArcelorMittal Kriviy Rih the debt for the land lease. The company was not paying full land lease in 2017-2018. The court ruled to recover the debt from one of the four sites. The next session of the court will be held on September 9. (Ukrainian…Details
In May Russia imported 113.9 tons of raw copper, up by 100.9% MoM and by 0.1% YoY.
In 5 months imports dropped by 58% YoY, to 622.6 tons.
Since the start of the year in monetary terms imports have decreased by 53.9%.
In May import prices dropped by 10.7%, to $14.1 per kg. (Ukrainian metal)
This washing season Diana LLC intends to extract 100 kg of gold. The company is operating its only license site in the Rodionovsky Brook valley in Magadan region. The washing season started on May 20. So far the company has obtained 45 kg of gold, down by 30% YoY. The washing season will end in…Details
Birobidzhan Metal Structures Works is finishing the construction of its main sandwich-panel shop on the Amuro-Khiginskaya territory of advanced development in the Jewish Autonomous District. Investments in the project totaled 937 million rubles. 40 employees already work at the plant, and 156 additional jobs will be created when the construction is complete. This year the…Details
The Amur region gold-extracting enterprise KHERGU intends to yield 650 kg of the precious metal this season, down by 18.4% YoY. The drop is due to the decrease of gold content in the sand. The company started the washing season on April 29. So far, the output target has been 41.2% fulfilled, as the company…Details
Since the start of the washing season Kseniyevskiy Priisk has extracted 648.1 kg of alluvial gold, up by 44.9% YoY. The company is developing sites in the Zabaikalye region. The output growth is due to the modernization of the machines operating at the sites. The corrected output target for this year is 1300 kg. Thus,…Details
Oskol Electrometallurgical Works has turned 45. OEMK is the only enterprise of the full cycle in Russia that implements the technique of direct iron reduction. In 2018 the company produced almost 4 million tons of iron ore pellets, 3.2 million tons of DRI and 3.4 million tons of steel. OEMK was created in 1974. The…Details
Shareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends.
The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share.
The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)
Until 2024 Mechel will carry out an environment program with the combined volume of investments of 10 billion rubles. As the result, pollution will decrease by 14.2 thousand tons per year. This is stipulated in the agreement between Mechel, the Ministry of Nature, the Russian Nature Oversight Service and the Chelyabinsk region authorities. The modernization…Details
Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…Details
In May Russia increased imports of flat galvanized rolled metal by 5.8% YoY, to 74.4 thousand tons, but decreased by 3.3% MoM. In 5 months imports grew by 8% YoY, to 290.5 thousand tons. Kazakhstan supplied the most metal accounting for 32.3%, down by 35.3%. The average price was $754 per ton without VAT. The…Details
The state enterprise Mine named after Surgay has ordered Alzo LLC the delivery of a pipeline valued at 35.25 million UAH. During the year the company has to supply 2 thousand sections of the degassing pipeline with the outer diameter of 325 mm and the length of 3.8 meters, 2,200 paronite packings and 12 thousand…Details
Corum Group (DTEK) has won a Polska Grupa Gornicza S.A. (PGG) tender. Corum Svet Shakhtera and Corum Druzhkovka Machine-Building Works will produce foundry parts for automated anchoring. This is the third order this year. The parts will be shipped in early 2020. Last year Corum Group supplied an automated complex of 140 ZRP 15/35 anchoring…Details
Severstal-Metiz rebars have passed certification for the Scandinavian market.
Eurofins Expert Services has confirmed that the range of cold-deformed rebars with the diameter of 5 to 10 mm corresponds to the quality standards.
The certification procedure lasted for almost a year. (Ukrainian metal)
In January-June the Stepnoy Pit (a part of the Russky Ugol) produced 2.24 million tons of power-generating coal in the Republic of Khakasia, up by 9% YoY.
Coal processing grew by 20%, to 1.9 million tons.
The Stepnoy Pit was commissioned in 1993.
Last year it mined 4.2 million tons of coal. (Ukrainian metal)
Kyshtym Electrolytic Copper Plant has started modernizing the copper electrolysis shop. The capacity of the new shop, to be commissioned in 2021, will be 230 thousand tons of cathodes per year. Investments will amount to $60 million. The work is divided in two stages: the first will have been commissioned by May 2020, and the…Details